Steven J. Baum, P.C., NY’s Largest Foreclosure Law Firm Is Closing

Steven J. Baum, P.C., New York’s largest foreclosure firm, will be closing its doors shortly. The firm, headquartered in Amherst, New York, employs approximately 70 employees, with approximately 22 employees on Long Island. Freddie Mac and Fannie Mae recently advised the Steven J. Baum, P.C. that they can no longer represent them with regard to government sponsored foreclosures.

Firm Fined Two Million Dollars

The law firm has recently been subject to a variety of investigations concerning its foreclosure practices, and was recently fined two million dollars for errors involved in court filings and foreclosure proceedings.

Last year the law firm was involved in more than 17,000 foreclosure proceedings throughout the State of New York, and brought approximately 1/3 of all theforeclosures that took place in New York State.

Foreclosure Mill

In a New York Law Journal article, the foreclosure law firm was referred to as a foreclosure mill. Mr. Baum responded to this criticism by stating foreclosure attorneys are “an easy target for criticism.”

New York Attorney General’s Investigation of the Baum Firm

After receiving news of the Baum’s Law Firm closure, a statement was made by a representative of the New York Attorney General, Eric Snyderman, who stated “we cannot comment on the ongoing investigations, Attorney General Synderman will continue to bring accountability to the firms responsible for the mortgage crisis and put an end to abusive foreclosure practices that have devastated families across the state.”

We represent individuals throughout the New York Metropolitan area with divorce and child custody, personal injury, car accident, wrongful death, estate administration, nursing home and medicaid issues

The information you obtain at this website is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your particular legal issue. This is attorney advertising.

Disclaimer: The information you obtain at this website is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your particular legal issue. This is attorney advertising.